When was Vikram Solar founded?

Vikram Solar was founded in 2005 and raised its 1st funding round 7 years after it was founded.

Where is Vikram Solar located?

Vikram Solar is headquartered in Kolkata, India. It is registered at BIOWONDER, Unit No. 1102, 11TH FLOOR, 789, ANANDAPUR MAIN ROAD, EASTERN METROPOLITAN BYPASS, E.K.T, Kolkata, Kolkata, West Bengal, India, 700107.

Which legal entities is Vikram Solar associated with?

Vikram Solar is associated with Vikram Solar Limited and 5 others.

How many employees does Vikram Solar have?

As of Aug 31, 2025, the latest employee count at Vikram Solar is 1895.

Is Vikram Solar a funded company?

Vikram Solar is a funded company, having raised a total of $94.1M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jan 21, 2012.

When was the latest funding round of Vikram Solar?

Vikram Solar's latest funding was a $***** Series B round on Jun 10, 2024, with participation from 34 investors.

What is the annual revenue of Vikram Solar?

Annual revenue of Vikram Solar is ₹3,460Cr as on Mar 31, 2025.

Where does Vikram Solar rank among its competitors?

Vikram Solar ranks 3rd amongst 1754 active competitors, of which 97 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Waaree Energies, which secured $111M in Jan, 2026.

Who are the top competitors of Vikram Solar?

Vikram Solar's top competitors include Waaree Energies, First Solar and Goldi Solar. Among them, Waaree Energies secured the most recent funding round in January, 2026.

Vikram Solar - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Manufacturer of solar photovoltaic modules and renewable energy solutions. It designs and manufactures solar panels and related components for energy generation. It offers services including system design, installation support, and ongoing maintenance. It supports both residential and commercial renewable energy projects.

Website: www.vikramsolar.com
Social
Email ID: *****@vikramsolar.com
Phone Number: +91 **********
Registered Address: BIOWONDER, Unit No. 1102, 11TH FLOOR, 789, ANANDAPUR MAIN ROAD, EASTERN METROPOLITAN BYPASS, E.K.T, Kolkata, Kolkata, West Bengal, India, 700107

Key Metrics

Founded Year

2005

Location

Kolkata, India

Stage

Public

Total Funding

$94.1M in 4 rounds

Latest Funding Round

Series B, Jun 10, 2024, $*****

Investors

VCAPL & 76 more

Ranked

3^rd among 1754 active competitors

Annual Revenue

₹3,460Cr as on Mar 31, 2025

Employee Count

1,895 as on Aug 31, 2025

Similar Companies

Suniva & 1642 more

Exit Details

Public

View Vikram Solar's full profile

Vikram Solar is associated with 6 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
VIKI.AI PRIVATE LIMITED CIN: U72900WB2019PTC232260 , India, Active	Jun 04, 2019	$525K (As on Mar 31, 2025)	-
VSL LOGISTICS SOLUTIONS PRIVATE LIMITED CIN: U63030WB2019PTC234918 , India, Active	Nov 22, 2019	$20M (As on Mar 31, 2025)	41 (As on Aug 01, 2025)
Vikram Solar Limited CIN: L18100WB2005PLC106448 , India, Active	Dec 02, 2005	$409M (As on Mar 31, 2025)	1853 (As on Aug 31, 2025)
Traction Partners Llp CIN: AAT-8342 , India, Active	Sep 15, 2020	-	-
VIKRAM SOLAR FOUNDATION CIN: U74999WB2017NPL218930 , India, Active	Jan 13, 2017	$43.5K (As on Mar 31, 2025)	1 (As on Aug 31, 2025)
VSL RE POWER PRIVATE LIMITED CIN: U31909WB2019PTC234779 , India, Active	Nov 16, 2019	$7.44M (As on Mar 31, 2025)	18 (As on Jan 31, 2025)

Vikram Solar got listed on Aug 26, 2025.

Click here to take a look at Vikram Solar's IPO in detail

Vikram Solar has raised a total funding of $94.1M over 4 rounds. Its first funding round was on Jan 21, 2012. Its latest funding round was a Series B round on Jun 10, 2024 for $*****. 34 investors participated in its latest round. Vikram Solar has 70 institutional investors and 7 angel investors.

Here is the list of recent funding rounds of Vikram Solar:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 10, 2024	3170056	Series B	8761501	7888959	1350856	8976230
Mar 31, 2016	2647175	Series A	7799855	5710711	7538684	5915786
Jan 04, 2013	8465182	Series A	6773755	7984018	Vikram Capital Management	1379888

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Vikram Solar's employee count trend

Vikram Solar has 1,895 employees as of Aug 25. The total employee count is 17.0% more than what it was in Aug 24. Here is Vikram Solar's employee count trend over the years:

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Top competitors of Vikram Solar include Waaree Energies, First Solar and Goldi Solar. Here is the list of Top 10 competitors of Vikram Solar, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Waaree Energies 1990, Mumbai (India), Public	Manufacturer of solar PV modules	$372M	Dharamshi Securities, Novel Engineering and Technology Consultants ... & 142 others	75/100
2nd	First Solar 1999, Tempe (United States), Public	Provider of cadmium telluride-based flexible solar modules	-	Triodos Investment Management, GSA Capital Partners ... Read more	70/100
3rd	Vikram Solar 2005, Kolkata (India), Public	Manufacturer of solar photovoltaic modules and renewable energy solutions	$94.1M	Analah Ventures, 3A Financial Services & 75 others	69/100
4th	Goldi Solar 2011, Surat (India), Series A	Manufacturer of solar PV modules	$172M	Kamath Associates, Havells & 9 others	67/100
5th	Oxford Photovoltaics 2010, Oxford (United Kingdom), Series D	Developer of perovskite tandem technology for solar energy applications	$239M	Legal & General Capital, MTI Partners & 13 others	66/100
6th	Swift Solar 2017, Golden (United States), Series A	Provider of flexible perovskite solar cells	$42.4M	Eni Next, Good Growth Capital & 19 others	66/100
7th	Suniva 2007, Norcross (United States), Acquired	Manufacturer of solar PV modules	$224M	Warburg Pincus, New Enterprise Associates ... & 10 others	66/100
8th	Premier Energies 1995, Secunderabad (India), Public	Developer of solar energy projects	$45M	Intersolar, Harwood & 11 others	66/100
9th	Jinko Solar 2006, Shanghai (China), Public	Manufacturer of solar modules	$35M	China Israel Value Capital, Shenzhen Capital Group ... & 5 others	63/100
10th	Saatvik Green Energy 2015, Gurugram (India), Public	Manufacturers of solar PV modules	-	-	62/100

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Founders own 3.98%, Funds own 2.25%, Enterprises (largest shareholder) own 49.36% and Other People own 30.45%. The net worth of Vikram Solar's founders is INR 160Cr as of Jun 25, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	3.98%	160Cr	583	616	443	795
Fund	2.25%	90.9Cr	25	42	52	77
VCAPL	0	0	0	0	0	0
Viney Equity Market	0	0	0	0	0	0
Enterprise	49.36%	1,980Cr	6066463	2684503	6555315	6115847
Other People	30.45%	1,220Cr	8378760	6556349	1146511	9358430
ESOP Pool	3.94%	159Cr	532	274	372	306
Other Investors	9.99%	402Cr	9982525	4498965	4801343	4848272
Total	99.97%	4,020Cr	3210645	9463682	9934178	7746552